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he has to deal with democrats and harry reid's comments today give you a sense of where they are coming from. >> they have to come up with specific revenue. and they refuse to do that. it is a simple question of arithmetic. you can't get from here to there unless you raise the rates. so as you know in washington, a rebellion in the ranks like this could be a problem. but in the spohort-term, if it remains constrained. it could be a good negotiating term. he could say i have offered everything that i have and still get this thing passed. you know, i never hear the discussion about spending. i'm not saying you. it is about taxes and revenues. they are supposed to have a $1.2 trillion spending cut. they are nowhere near rephrase g i replacing that. does anybody in washington think about spending and help the taxpayer? spending is going to get done and it is going to include spending. the question when those details come out is will the president face the problem on the left of trying to herd cats here. rather than focused on the priority. they are going to have to be part of this deal. so
he has to deal with democrats and harry reid's comments today give you a sense of where they are coming from. >> they have to come up with specific revenue. and they refuse to do that. it is a simple question of arithmetic. you can't get from here to there unless you raise the rates. so as you know in washington, a rebellion in the ranks like this could be a problem. but in the spohort-term, if it remains constrained. it could be a good negotiating term. he could say i have offered...
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dennis: we have heard from house speaker john boehner and harry reid. ed henry tried to get a comment from president obama himself. this is new video just in. spin it how are you doing, sir four that how are you feeling about a deal? optimistic? >> still in progress. dennis: lori rothman and adam shapiro will have more on those talks at the top of the hour. cheryl: washington state talking bucking the national foreclosure rate. the office it was for southern california. home sales volume was up 14% year over year. california governor gerri brown is not wasting any time. the 74-year-old governor is undergoing radiation treatment. his oncologist says his prognosis is -- that is your west coast minute. dennis: general orders is unveiling a new line of pickup trucks. jeff flock has the story. jeff: that is the new chevy silverado. it is the number one seller. it has these new engines and it. they will shut down four of the cylinders if you do not need all the power. saves on gas. very good. this harkens back to the old days. it was a loud unveiling. they fl
dennis: we have heard from house speaker john boehner and harry reid. ed henry tried to get a comment from president obama himself. this is new video just in. spin it how are you doing, sir four that how are you feeling about a deal? optimistic? >> still in progress. dennis: lori rothman and adam shapiro will have more on those talks at the top of the hour. cheryl: washington state talking bucking the national foreclosure rate. the office it was for southern california. home sales volume...
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. >> harry reid is speaking right now. let's go down to capitol hill. >> -- calling on speaker boehner for tax cuts to the middle class. today senator cornyn, the second ranking democrat in the next congress -- i'm sorry, don't i wish -- the second ranking republican in the next congress -- joined the chorus in calling on speaker boehner to do the reasonable thing. here's what he said. i believe we're going to pass it sooner rather than later. we really don't have much leverage there because those rates -- >> i'll take it back from harry reid while we try and figure out this audio issue that we're clearly having from the majority leader and his comments down in the nation's capitol as the democratic leadership gets its turn, if you will, at the microphone for an update on the fiscal cliff. we've already heard from speaker boehner just a short time ago. i think we have that cleared up. let's go back to mr. reid. >> at some point reality should set in. the only question is how much financial stress middle-class families and
. >> harry reid is speaking right now. let's go down to capitol hill. >> -- calling on speaker boehner for tax cuts to the middle class. today senator cornyn, the second ranking democrat in the next congress -- i'm sorry, don't i wish -- the second ranking republican in the next congress -- joined the chorus in calling on speaker boehner to do the reasonable thing. here's what he said. i believe we're going to pass it sooner rather than later. we really don't have much leverage...
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Dec 11, 2012
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stocks, though, did come off their highs, after those harry reid comments. that sent everybody into a little bit of a tail spin. i believe we do have some comments on tape here from some of the lawmakers we heard today. >> you give the president every single job harming tax increase that he's requested, you run the government for maybe nine or ten days. >> i think there's a real danger that we're going to end up with some damaging tax increases and nothing to show for it. >> if we took the president's revenue, we took the republic republicans' spending cuts and we put them together, we'd have a package of more than $4 trillion. >> what i hope boehner does not do is give away the debt ceiling with any kind of deal unless it's the real deal. >> when the government spends money and a lot of these other so-called infrastructure investments, it ends up wasting the money, taking it from the private sector. >> i think we need to do the entitlement issue. >> i'm optimistic we're going to be able to avoid the fiscal cliff, we're not going to go over that. we're not g
stocks, though, did come off their highs, after those harry reid comments. that sent everybody into a little bit of a tail spin. i believe we do have some comments on tape here from some of the lawmakers we heard today. >> you give the president every single job harming tax increase that he's requested, you run the government for maybe nine or ten days. >> i think there's a real danger that we're going to end up with some damaging tax increases and nothing to show for it. >>...
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to let him pass his big old tax hike with a simple majority if that's what harry reid wants because then they will be the party of high taxes and they can own it. >> i want to ask you one quickie. your friend and mine, senator jim demint, resigning from the senate. going to take over as head of the heritage foundation. he is a great free market defender of capitalism. what do you make of jim demint leaveliing the senate? >> i think there's two ways to look t a it. the way i look at it, i've jokingly said he's going to a better place. but i really am serious about that in the sense that it's a promotion. he's going to a big microphone. we will be a national spokesman for free markets, for libertarian conservative principles, for the constitution, heritage has a great 30, 40-year history of being on the right side of these issues. i think jim demint will be a great spokesman for them. >> he said that conservatism has to spread more publicly and that's one reason he's going. he wasn't happy with the 2012 elections. do you think conservatism just didn't make the case in the elections la
to let him pass his big old tax hike with a simple majority if that's what harry reid wants because then they will be the party of high taxes and they can own it. >> i want to ask you one quickie. your friend and mine, senator jim demint, resigning from the senate. going to take over as head of the heritage foundation. he is a great free market defender of capitalism. what do you make of jim demint leaveliing the senate? >> i think there's two ways to look t a it. the way i look at...
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. >> first of all, it's driven by harry reid. he refused to bring up a budget, to bring up a single appropriations bill. >> but you just mentioned speaker boehner. >> well, i was going to get to that. he's driven this process, and about the only thing the republicans could have done would be to protest it, and fight harder about it. and we have, but i don't think effectively enough. and we've now, at the end, fallen into this trap, i would suggest on of just having secret negotiations. i really wish we could have avoided it. but this was the strategy of the democratic leadership in the senate, and they carried it out for almost three years -- over two years now. >> all right, you said in your op-ed today, and i want to quote you directly. you said, in part, washington has become possessed by the idea that a small group of negotiators, meeting in secret, can solve the deep, painful, and systemic problems plaguing this country with a single grand bargain, produced at the 59th minute of the 11th hour. this is a siren song. i suppose
. >> first of all, it's driven by harry reid. he refused to bring up a budget, to bring up a single appropriations bill. >> but you just mentioned speaker boehner. >> well, i was going to get to that. he's driven this process, and about the only thing the republicans could have done would be to protest it, and fight harder about it. and we have, but i don't think effectively enough. and we've now, at the end, fallen into this trap, i would suggest on of just having secret...
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reid. this time around, maybe because he feels he has the mandate, he's doing the negotiations straight on with boehner which i think leads to a better result. this is an overall different approach in his leadership whether it's because he's thinking legacy or anything? should we expect to see this level of leadership going forward? >> i think he tried to make a deal with boener in 2011. we know he was close to a deal with boehner and then the gang of six with the plan more aggressive. sort of a bigger deal and the president sort of balked at the agreement. seemed to be putting in to place with boehner and then boehner walked away, as well, and the whole thing fell apart. i think you have seen an acknowledgment. if the president and boehner come to an agreement then the senate will come along, the house democrat wills come along. a number of them will. these are really the key negotiators and has to be done at that level to get something finished. >> jonathan, i have to say i'm a little bit
reid. this time around, maybe because he feels he has the mandate, he's doing the negotiations straight on with boehner which i think leads to a better result. this is an overall different approach in his leadership whether it's because he's thinking legacy or anything? should we expect to see this level of leadership going forward? >> i think he tried to make a deal with boener in 2011. we know he was close to a deal with boehner and then the gang of six with the plan more aggressive....
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that is, instead of having nancy pelosi, harry reid, and the president and boehner and mitch mcconnell, you have two men in one room and that to me says an awful lot. the fact they released a statement that's plu conic. the lines of communication are open. this indicates to me a degree of seriousness we haven't seen to date and very important. now,ly also point out to you on the issue of balance and what former senator simpson said, i'm paying attention to the statements of business leaders right now. in particular, look at randall stevenson, ceo of at&t who said i think we need to avoid the fiscal cliff and a balanced approach and someone who's trended republican personally, that says a lot. it gives cover to the republicans in congress that this is okay to do in the name of american business. >> david, i want to quickly pivot back to entitlement reform. if the republicans have cover with the business world, let's play what erskine bowles said about entitlements and the president. >> i don't see why the president would want to negotiate against himself on this. you know, if the republ
that is, instead of having nancy pelosi, harry reid, and the president and boehner and mitch mcconnell, you have two men in one room and that to me says an awful lot. the fact they released a statement that's plu conic. the lines of communication are open. this indicates to me a degree of seriousness we haven't seen to date and very important. now,ly also point out to you on the issue of balance and what former senator simpson said, i'm paying attention to the statements of business leaders...
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so what the speak ser going to have to do is go back to his members, harry read harry reid will have to go back to his members and say, can we vote for this. >> always good to see you, congressman, good morning. >> great to see you, chris. >> so are talks going on between speaker boehner and president obama, in a way does it make it seem like con are gres gress is irrelevant. jeff sessions has repeatedly made the point and i want to play something for you that he said yesterday. >> we all know what the plan is, what the scheme is, the strategy is. it is to be meeting in secret and then plop down on the floor of the senate at the last hour, some sort of coerced agreement that all of the senators like lemmings are supposed to vote for. >> is that what is going on here? some coerced agreement that you're going to have to vote for? >> i wouldn't describe it as a coerced agreement. but you can't have 500 people in the room negotiating an agreement. so, yes, we have our leadership, they sit down with the president, they hammer out a deal, they come back to us. our opportunity for input in
so what the speak ser going to have to do is go back to his members, harry read harry reid will have to go back to his members and say, can we vote for this. >> always good to see you, congressman, good morning. >> great to see you, chris. >> so are talks going on between speaker boehner and president obama, in a way does it make it seem like con are gres gress is irrelevant. jeff sessions has repeatedly made the point and i want to play something for you that he said...
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reid the senate democratic leader was on the floor within the past hour or so and he kept the pressure up on republicans. take a listen. >> the plan for the republicans to face reality, there's enough writing on the wall. >> you get the sense here guys that democrats feel like they have the upper hand, there is some dealmaking behind the scenes. what that dealmaking is we don't yet know and when it could yield some resolution we don't know that. >> quickly, we got from geithner yesterday to steve liesman he's prepared to go over the cliff if need be. >> yes. >> do we know if the republican position is weakening at all, are they ready to make any concessions on their end? >> well we get a sense that some republicans that i've been talking to are ready to make a deal, i talked to a couple republicans in the house yesterday who said they are urging speaker boehner to cut a deal here to agree with the president to extend the bush tax cuts for all those under 250,000, at least do that much, so there is some weakening on the republican side. the question is whether there's enough to get a de
reid the senate democratic leader was on the floor within the past hour or so and he kept the pressure up on republicans. take a listen. >> the plan for the republicans to face reality, there's enough writing on the wall. >> you get the sense here guys that democrats feel like they have the upper hand, there is some dealmaking behind the scenes. what that dealmaking is we don't yet know and when it could yield some resolution we don't know that. >> quickly, we got from...
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he figured harry reid would back down. prove that even democrats don't like this idea. but reid did not back down. he doubled down. he said, yeah, let's vote on the plan. but let's move to an immediate up or down vote. no filibuster, no 60-vote requirement, let's see if it gets 51. if so, it's passed. at which point, mcconnell kind of filibustered his own bill. he said, no, if we're not going to have a 60-vote threshold, there would be no vote at all. he got his wish and then he launched a filibuster or a 60-vote challenge against a vote he asked for. claire mccaskill was senate president at the time. here was her reaction. >> is their objection to the original request? >> yeah. >> objection is heard. i got whiplash. >> i got whiplash. that is the world's greatest deliberative body in action. that is also the kind of thing people who don't know how to see the sailboat in washington. it's all games the two parties are playing to prove they are really committed to beating the other side. that's what they have to do. it's part of the whole dance. their base won't trust the
he figured harry reid would back down. prove that even democrats don't like this idea. but reid did not back down. he doubled down. he said, yeah, let's vote on the plan. but let's move to an immediate up or down vote. no filibuster, no 60-vote requirement, let's see if it gets 51. if so, it's passed. at which point, mcconnell kind of filibustered his own bill. he said, no, if we're not going to have a 60-vote threshold, there would be no vote at all. he got his wish and then he launched a...
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we will bring you comments from senators harry reid and dick durbin. that is live, and that is coming up. >>> the "cnbc realtime exchange market snapshot" is brought to you by interactive brokers. >>> it is time for another capital markets op-ed. buybacks. >> you guys covered this yesterday at great length. i hoped to look at some of the newspapers today, "the wall street journal" was the only newspaper somewhat critical about this. look, warren buffett will be buying back stocks. he was never going to buy back stock or split the stock. he was never going to put the stock in the s&p 500. if this is not hypocritical to the maximum level -- no, no, no. he has changed. >> oh, a long time ago. >> a long time ago. never believed in buybacks. never would split a stock into the "b" shares and would never go into the s&p 500. you don't want closet indexes owning the name. that's some of the hypocrisy. but given the fact that he took out one of the early investors in this stock before the capital gains tax goes up, i mean, really? come on. if this wasn't buffet
we will bring you comments from senators harry reid and dick durbin. that is live, and that is coming up. >>> the "cnbc realtime exchange market snapshot" is brought to you by interactive brokers. >>> it is time for another capital markets op-ed. buybacks. >> you guys covered this yesterday at great length. i hoped to look at some of the newspapers today, "the wall street journal" was the only newspaper somewhat critical about this. look, warren...
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and i think this was a mistake on timing. 33 republicans sent a letter to the majority leader harry reid saying we shouldn't have a negotiation of a treaty during a lame duck session of congress. i disagree with our move here. you had a treaty that was negotiated by my former boss, george w. bush. you had robert dole out there. i think the republicans are upset about diming but again disabilities. most of the major countries around the world have signed this. it should have been done. >> goldie, you in your very being would embody some problems that the republican party has. you're an intelligent woman of color. >> sure. >> what does the republican party have to do to make people like you feel it has something to say to to you? >> you know, i live in the american south and that's ground zero for this modern day gop. what i hear on the ground and i have worked both sides of the aisle. i have been open about that, people know it. >> sure. >> i think there is a policy issue, a set of policy issues, but there's also to a greater extent a messaging issue, and then, you know, in terms of just
and i think this was a mistake on timing. 33 republicans sent a letter to the majority leader harry reid saying we shouldn't have a negotiation of a treaty during a lame duck session of congress. i disagree with our move here. you had a treaty that was negotiated by my former boss, george w. bush. you had robert dole out there. i think the republicans are upset about diming but again disabilities. most of the major countries around the world have signed this. it should have been done. >>...
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harry reid called his bluff and objected to putting the bill up for a vote, but after discussing it with his democratic members he got the support he needed and had a change of heart. claire mccaskill was priding when mcconnell objected to voting on the bill. >> is there an objection to the original request? >> objection is heard. i got whiplash. >> very strange. >> dick durbin reacted to mcconnell's move moments later. >> so this may be a moment in senate history when a senator made a proposal and when given an opportunity for a vote, filibustered his own proposal. i think we have now reached a new spot in the history of the senate we have never seen before. >> let's turn to bernie sanders. i'm laughing at it too, senator. this just goes to show either winging it big time. they don't have a plan other than to get in the way. what's your response to what unfolded on the floor and what we can look forward to in the future? >> i think dick durbin was right. in a time of dysfunctionality, this probably takes the cake when you filibuster your own probably. but the bottom line, this country,
harry reid called his bluff and objected to putting the bill up for a vote, but after discussing it with his democratic members he got the support he needed and had a change of heart. claire mccaskill was priding when mcconnell objected to voting on the bill. >> is there an objection to the original request? >> objection is heard. i got whiplash. >> very strange. >> dick durbin reacted to mcconnell's move moments later. >> so this may be a moment in senate history...
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reid in the senate. you're just not seeing it. >> you don't see enough of it. curiously, the markets -- investors are actually increasing their exposure which is kind of contrarian to your point. i do believe to julia's point, you'll see a receding or retreat in that attitude over the next several days and few week ifs we can't get ourselves closer. i remain optimistic. the president wants a legacy and his legacy depends on this. and two proposals have been put forth. they resemble each other in terms of the amount they've asked for. i give republicans credit. they understand revenue has to be part of the deal. the question remains whether it's marginal rates or limiting deductions. adults should be able to come together and get that deal done. >> what happens here in the short term and long term. the short-term thing's not going to be much of a solution. >> no, i don't think so. and mark halperin, you talk about these deals possibly being $2 trillion. we went $5 trillion in debt over the past four or fi
reid in the senate. you're just not seeing it. >> you don't see enough of it. curiously, the markets -- investors are actually increasing their exposure which is kind of contrarian to your point. i do believe to julia's point, you'll see a receding or retreat in that attitude over the next several days and few week ifs we can't get ourselves closer. i remain optimistic. the president wants a legacy and his legacy depends on this. and two proposals have been put forth. they resemble each...
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and demint made a point of personally going to harry reid's office to tell him face-to-face that he decided to resign. i can tell you as an observer of the senate watching relationships deteriorate, this was surprising but a good surprise. >> leaving on a good note at least with the majority leader in the senate. dana, thanks very much. and i'm joined now by senator demint along with heritage foundation founding trustee, the current president, we see the outgoing president, ed feulner, thanks for coming in. we're going to talk a little about the state of the heritage foundation and the republican party. the senator's here, the newsmaker, you shocked all of us. why did you do this? >> wolf, after this last election it's apparent we need to do more as conservatives to convince americans that our ideas and policies are going to make their lives better. the heritage foundation is the premier think tank, research organization, the premier idea group for the conservative movement. this will give me the opportunity to help take our case to the american people. and to translate our policies into re
and demint made a point of personally going to harry reid's office to tell him face-to-face that he decided to resign. i can tell you as an observer of the senate watching relationships deteriorate, this was surprising but a good surprise. >> leaving on a good note at least with the majority leader in the senate. dana, thanks very much. and i'm joined now by senator demint along with heritage foundation founding trustee, the current president, we see the outgoing president, ed feulner,...
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. >>> finally, senate majority leader harry reid paid tribute to ben nelson of nebraska yesterday and fessed up that the outgoing nebraska democrat has something he wants. the hint is in the top half of the picture. you're looking at it. let's take a listen to reid. >> if the truth were known, many, many senators would be very envious, as i am, and i would even think the presiding officer, about that hair of ben nelson's. i mean, that is a mop of real hair. it's often that people call his office, e-mail his office. they believe he has a toupee. it's his hair. he has hair like a 15-year-old, mr. president, and so i have to acknowledge i am a little envious of his hair. >> hair envy aside, nelson's real mark might be casting what many people called the deciding vote in favor of obama care. that was quite a moment. >>> up next, the new movie "zero dark thirty" suggests we wouldn't have gotten bin laden without torturing terror suspects. not everyone agrees, and that's ahead. you're watching "hardball," the place for politics. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#
. >>> finally, senate majority leader harry reid paid tribute to ben nelson of nebraska yesterday and fessed up that the outgoing nebraska democrat has something he wants. the hint is in the top half of the picture. you're looking at it. let's take a listen to reid. >> if the truth were known, many, many senators would be very envious, as i am, and i would even think the presiding officer, about that hair of ben nelson's. i mean, that is a mop of real hair. it's often that people...
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dagen: we have heard from senator harry reid once again. if the democrats do not get the tax increase on wealthy americans that he is willing to go over the cliff, the end of the year. we are awfully close. >> remember that congress always has the ability to set a new set of tax rates. even if we went through december 31 and these rates went away and everybody's taxes increased, honestly, some more than others, we could, as a congress, go back and try to do pieces of that to try to bring some of those rates down for some people. i think that is what my republican colleagues are really the most afraid of. once you lose those tax cuts, at the end of the year, it will be hard to bring back those tax cuts. the tax cuts that would come back would be mostly for the lower and real income people. the biggest leverage that the republicans have right now is this december 31 date. they are quickly running out of time. dagen: would you be comfortable with it. you raise tax rates on the wealthy. just not back to the clinton era level. you grow up, but n
dagen: we have heard from senator harry reid once again. if the democrats do not get the tax increase on wealthy americans that he is willing to go over the cliff, the end of the year. we are awfully close. >> remember that congress always has the ability to set a new set of tax rates. even if we went through december 31 and these rates went away and everybody's taxes increased, honestly, some more than others, we could, as a congress, go back and try to do pieces of that to try to bring...
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harry reid says we can do things quickly, but not fast enough as far as bill drafting goes. john boehner says the white house is dragging its feet. here is what he said. let's play a chunk. >> where are the president's spending cuts? the longer the white house doesn't move on this the closer we get to the fiscal cliff. >> he says the president is slow walking. the president did an interview with abc news. what the president said to barbara walters. >> we have no make sure middle class taxes don't go up on january 1st. i'm confident that republicans wouldn't hold middle class taxes hostage to try to protect tax cuts for high-income individuals. >> he said he's fine to go over the fiscal cliff. all of those reasons would be reasons to say maybe we're not close to a deal on that do you think he'll get a deal before the end of the year? you are the optimistic one in the relationship here, or will we get one before you go off for christmas break? >> some type of deal. may not have a complete deal. but this issue of tax cuts for those earning less than 250,000, we will get that do
harry reid says we can do things quickly, but not fast enough as far as bill drafting goes. john boehner says the white house is dragging its feet. here is what he said. let's play a chunk. >> where are the president's spending cuts? the longer the white house doesn't move on this the closer we get to the fiscal cliff. >> he says the president is slow walking. the president did an interview with abc news. what the president said to barbara walters. >> we have no make sure...
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reid they want to delay the implementation of the tax on medical devices. kirsten powers is here, ladies and gentlemen, what do you think of this. >> you're not going to make me defend this. stuart: defend what, the medical device tax or the senate? >> i think this is kind of the outrageous behavior on parts of the democrats. they should have known this was in the bill, right theoretically? >> i thought you'd shifted a little bit to the right. >> i've always been this way i've always been fair and look, i think that, i don't think they should be allowed to do this. if you're going to vote for obamacare and it does have taxes that are attached to it, part of the deal, you can't carve it out to protect your constituents. stuart: especially three weeks before. >> comes up at the election. stuart: it's a powerful group, 17 senate democrats that's a big churni chunk of the democrats-- >> won't be surprised if they get their way. you can't determine taxes and carve out for your powerful constituents to help you get elected. stuart: suppose it is delayed or abolis
reid they want to delay the implementation of the tax on medical devices. kirsten powers is here, ladies and gentlemen, what do you think of this. >> you're not going to make me defend this. stuart: defend what, the medical device tax or the senate? >> i think this is kind of the outrageous behavior on parts of the democrats. they should have known this was in the bill, right theoretically? >> i thought you'd shifted a little bit to the right. >> i've always been this...
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harry reid isn't even at the table and they're having these discussions. but he has a veto for anything that happens. a secret veto. but he's not in the room. the senate got elected, got itself re-elected by not having any votes over the last couple of years. i think if we had c-span, and cnbc cameras in the negotiations, then people could see what the republicans are doing, and the democrats are doing. let's remember what the president's budget is. i bet many of your viewers are unaware, because the establishment press hasn't covered what he's done. he saves a trillion dollars by not occupying iraq and afghanistan for the next ten years. okay. i could save a lot of money by not continuing the war of 1812. but a trillion dollars of the spending cuts are completely phony, because they're from something we already stopped doing. there's another trillion dollars that was agreed to and is in law from the budget control act. he wants to sell you that horse again. he wants to add another savings like that is this trillion. >> although the republicans -- jeb hens
harry reid isn't even at the table and they're having these discussions. but he has a veto for anything that happens. a secret veto. but he's not in the room. the senate got elected, got itself re-elected by not having any votes over the last couple of years. i think if we had c-span, and cnbc cameras in the negotiations, then people could see what the republicans are doing, and the democrats are doing. let's remember what the president's budget is. i bet many of your viewers are unaware,...